Regulatory submission support in the water industry
UK
Drawing on our specialised expertise across project life cycles we have supported numerous UK water and sewerage companies with their regulatory pricing submissions. Regulatory business plan support requires confidence in cost data to determine cost benefit of projects and programmes, which gives regulators, including Ofwat, Northern Ireland Utility Regulator and Water Industry Commission for Scotland, greater confidence in the business plans and that they demonstrate value for customers.
We provided Anglian Water and South West Water with construction economics and cost intelligence support for their 2019 Price Review (PR19) Business Plan submissions. We provided a range of PR19 analytics and cost intelligence commissions enabling the provision of auditable costings, with a focus on appraising investment options. We also provided third party industry data benchmarking for approximately 150 cost models, where Anglian Water considered its own historic data insufficient, considerably improving data quality and indirectly, the quality of whole life cost investment decisions. Our assistance to South West Water in their PR19 business plan development contributed to their success at being fast-tracked by Ofwat, with only minor modifications needed to their plan.
Our submissions fulfilled the requirements of the regulators, providing defined clear outputs, determination of optimised expenditure and a robust plan for delivery with a focus on customer service, supported by robust benchmarking.